Summit Financial Strategies Inc. Trims Stock Holdings in Schwab US Broad Market ETF $SCHB

Summit Financial Strategies Inc. cut its holdings in Schwab US Broad Market ETF (NYSEARCA:SCHB) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,183,036 shares of the company’s stock after selling 359,116 shares during the period. Schwab US Broad Market ETF comprises 6.9% of Summit Financial Strategies Inc.’s holdings, making the stock its 5th largest holding. Summit Financial Strategies Inc.’s holdings in Schwab US Broad Market ETF were worth $83,491,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SCHB. Financial Life Planners bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $27,000. Wiser Advisor Group LLC bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $29,000. First Pacific Financial bought a new stake in shares of Schwab US Broad Market ETF in the 3rd quarter worth about $51,000. LGT Financial Advisors LLC bought a new position in Schwab US Broad Market ETF during the 3rd quarter valued at about $52,000. Finally, Beacon Financial Strategies CORP bought a new position in Schwab US Broad Market ETF during the 4th quarter valued at about $64,000.

Schwab US Broad Market ETF Trading Up 1.3%

Shares of NYSEARCA:SCHB opened at $27.43 on Friday. The company has a market capitalization of $40.45 billion, a price-to-earnings ratio of 25.08 and a beta of 1.02. Schwab US Broad Market ETF has a 12 month low of $19.57 and a 12 month high of $27.53. The firm’s 50-day moving average is $26.03 and its 200 day moving average is $26.15.

Schwab US Broad Market ETF Company Profile

Schwab U.S. Broad Market ETF (the Fund) seeks to track the total return of the Dow Jones U.S. Small-Cap Total Stock Market Index (the Index). The Index is a float-adjusted market capitalization weighted index that reflects the shares of securities actually available to investors in the marketplace. The Fund’s index includes the 2,500 publicly traded United States companies for, which pricing information is available. The types of derivatives used by the Fund are options, futures, options on futures and swaps.